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Empire Resources Limited ( (AU:ERL) ) has issued an announcement.
Empire Resources has completed a 37-hole, 4,401 metre reverse circulation drilling campaign at its Yuinmery Copper-Gold Project, targeting new gold prospects at Hillside, Smiths Well and Microbe Well, additional resource drilling at the Just Desserts copper-gold deposit, and follow-up holes along the YT01-YT19 mineralised corridor. The program, now the subject of an amended ASX announcement that has allowed the lifting of a trading halt, revealed extensive native metallic copper below the weathering profile at the Hillside prospect, where mineralisation remains open along strike and at depth over about 250 metres, potentially enhancing the project’s exploration upside and investor interest.
More about Empire Resources Limited
Empire Resources Limited is an Australian-listed mineral exploration company focused on copper and gold, with its flagship Yuinmery Copper-Gold Project in Western Australia. The company advances its portfolio through targeted drilling programs aimed at expanding resources and testing new prospects across the project area.
Average Trading Volume: 2,808,707
Technical Sentiment Signal: Sell
Current Market Cap: A$25.05M
For a thorough assessment of ERL stock, go to TipRanks’ Stock Analysis page.